Ideanomics (IDEXQ) 8-K Consolidated Financial Information as of and for the Years

Exhibit 99.1

Timios Holdings Corp.

Consolidated Financial Information as of and for the Years

Ended December 31, 2022, 2021 and 2020

Statement of Operations

(Unaudited)

	Years Ended December 31,
	2020		2021		2022
Revenues
Title revenue, net		40,146,613		33,892,207		16,029,524
Closing revenue		35,750,578		36,746,084		15,255,240
Appraisal revenue		4,247,375		3,334,431		938,149
Total revenues		80,144,566		73,972,722		32,222,912
Operating Expenses
Agent expenses		32,585,974		24,953,569		12,277,071
Personnel costs		30,162,412		33,831,361		21,564,795
Other operating expenses		4,861,415		6,293,155		5,661,277
Sales and marketing		717,991		891,762		729,399
Depreciation and amortization		258,098		570,870		1,002,880
Total operating expenses		68,585,890		66,540,717		41,235,422
Operating Income		11,558,676		7,432,005		-9,012,510
Other Expense
Interest income		13,869				435
Other expense, net		-79,296		-545,066		3,210,769
Total other expense		-65,427		-545,066		3,211,204
Income before provision for income taxes		11,493,249		6,886,939		-5,801,305
Provision for income taxes		2,532,550		1,759,118		367,012
Net income		8,960,699		5,127,821		-6,168,318

Timios Holdings Corp.

Consolidated Financial Information as of and for the Years

Ended December 31, 2022, 2021 and 2020

Balance Sheet

(Unaudited)

	December 31, 2020			December 31, 2021			December 31, 2022
ASSETS
Current Assets
Cash and cash equivalents	$	7,196,722		$	8,805,814		$	2,684,806
Accounts receivable, trade and non-trade, net		157,753			149,157			3,018,396
Notes receivable		0						0
Prepaid expenses and other current assets		604,568			730,537			916,119
Total Current Assets		7,959,043			9,685,508			6,619,321
Noncurrent Assets
Property and equipment, net		427,665			726,562			326,764
Deposits		98,382			114,155			107,816
Notes receivable Non Current		56,288			66,207			60,440
Intangible assets, net		392,476			1,962,800			1,148,181
Deferred tax asset		395,859			71,036			171,655
								0
Long Term Investment								2,783,975
Right of use asset					2,137,297			1,330,720
Title plant		127,742			127,742			127,742
Goodwill		1,839,832			1,839,832			1,885,354
Total assets	$	11,297,287		$	16,731,139		$	14,561,969
LIABILITIES AND STOCKHOLDERS' EQUITY
Current Liabilities
Accounts payable		2,415,656			1,787,746			2,458,046
Accrued expenses		3,068,868			1,542,158			658,290
Notes payable								1,455,457
Notes Payable Affiliated Party								2,933,716
Income taxes payable		10,814			326,714			901,291
Operating lease liability, current					669,751			629,826
Total Current Liabilities		5,495,338			4,326,369			9,036,626
Operating lease liability, net of current portion					1,475,000			926,157
Total Liabilities		5,495,338			5,801,369			9,962,783
Stockholders' Equity
Preferred stock, $0.00001 par value, 5,000,000 shares authorized, no shares issued
Common stock, $0.0000081 par value, 10,000,000 shares authorized, 9,543,157 issued		81			81			81
		-			-			0
Additional paid-in capital		76,565,337			76,565,337			76,562,787
Accumulated deficit		(70,763,469	)		(65,635,648	)		(71,963,682	)
Total Stockholders' Equity		5,801,949			10,929,770			4,599,186
Total Liabilities and Stockholders' Equity	$	11,297,287		$	16,731,139		$	14,561,969

Note 1:  The above consolidated financial information of Timios Holding Corp. and subsidiaries has been prepared for purposes of the preparation of the consolidated financial statements of Ideanomics, Inc.  It omits all disclosures required by generally accepted accounting principles in the United States of America.

Timios Holdings Corp.

Consolidated Financial Information as of and for the Years

Ended December 31, 2022, 2021 and 2020

Statement of Cash Flows

(Unaudited)

	Year Ended December 31, 2020		Year Ended December 31, 2021		Year Ended December 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES
Net income		8,960,699		5,127,821		-6,168,318
Adjustments to reconcile net income to net
cash provided by operating activities:
Depreciation		79,496		188,954		425,054
Loss on disposal of property and equipment				6,051		99,009
Loss on disposal of right of use assets						301,975
Loss from equity method investment						291,952
Amortization		178,602		381,916		814,619
Deferred taxes		-31,817		324,823		2,200,501
Changes in assets and liabilities:
Accounts receivable		462,871		17,165		-2,869,239
Notes receivable				-27,057		5,767
Deposits				-15,773		6,339
Prepaid expenses and other current assets		-23,128		-125,969		-185,582
Right of use asset				-2,137,297		504,601
Accounts payable		843,898		-627,910		-383,826
Accrued expenses		1,510,677		-1,526,710		-1,391,836
Income taxes payable		-700,758		315,900		-326,714
Operating lease liability				2,144,751		-588,768
NET CASH PROVIDED BY OPERATING ACTIVITIES		11,280,540		4,046,665		-7,264,467
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of property and equipment		-398,536		-911,624		-124,266
Purchase of equity method investment						-3,075,927
Purchase of Subsidiary						-45,522
Purchase of intangible assets - software		-367,530		-1,534,518
NET CASH USED IN INVESTING ACTIVITIES		-766,066		-2,446,142		-3,245,715
CASH FLOWS FROM FINANCING ACTIVITIES:
Receipt of payments from notes receivable - related party		1,110,000		8,569
Proceeds from line of credit						1,800,000
Repayments of line of credit						-800,000
Proceeds from long-term debt						700,783
Repayment of long-term debt						-245,326
Receipt of payments from notes receivable - other		27,406
Proceeds from related party						2,933,716
Dividends paid		-10,974,631				0
NET CASH PROVIDED BY FINANCING ACTIVITIES		-9,837,225		8,569		4,389,173
Proceeds
NET INCREASE IN CASH AND CASH EQUIVALENTS		677,249		1,609,092		-6,121,009
CASH AND CASH EQUIVALENTS, BEGINNING OF THE YEAR		6,519,473		7,196,722		8,805,814
CASH AND CASH EQUIVALENTS, END OF THE YEAR		7,196,722		8,805,814		2,684,805

Note 1:  The above consolidated financial information of Timios Holding Corp. and subsidiaries has been prepared for purposes of the preparation of the consolidated financial statements of Ideanomics, Inc.  It omits all disclosures required by generally accepted accounting principles in the United States of America.

Timios Holdings Corp.

Consolidated Financial Information as of and for the Years

Ended December 31, 2022, 2021 and 2020

Statement of Stockholders’ Equity

(Unaudited)

	Common Stock					Treasury Stock						Additional			Accumulated
	Shares			Value		Shares			Value			Paid-in Capital			Deficit			Total
Balance at January 1, 2020		9,568,157		$	81	$	25,000		$	(50,000	)	$	76,615,337		$	(68,749,537	)	$	7,815,881
Retirement of treasury stock		(25,000	)		-		(25,000	)		50,000			(50,000	)		-			-
Dividends declared and paid		-			-		-			-			-			(10,974,631	)		(10,974,631	)
Net income		-			-		-			-			-			8,960,699			8,960,699
Balance at December 31, 2020		9,543,157		$	81	$	-		$	-		$	76,565,337		$	(70,763,469	)	$	5,801,949

	Common Stock				Treasury Stock				Additional		Accumulated
	Shares		Value		Shares		Value		Paid-in Capital		Deficit			Total
Balance at January 1, 2021		9,543,157	$	81			$	-	$	76,565,337	$	(70,763,469	)	$	5,801,949
Retirement of treasury stock				-						-		-			-
Dividends declared and paid		-		-		-		-		-		-			-
Net income		-		-		-		-		-		5,127,821			5,127,821
Balance at December 31, 2021		9,543,157	$	81	$	-	$	-	$	76,565,337	$	(65,635,648	)	$	10,929,770

	Common Stock				Treasury Stock				Additional		Accumulated
	Shares		Value		Shares		Value		Paid-in Capital		Deficit			Total
Balance at January 1, 2022		9,543,157	$	81			$	-	$	76,565,337	$	(65,635,648	)	$	10,929,770
Retirement of treasury stock				-						-		-			-
Dividends declared and paid		-		-		-		-		-		-			-
Net income		-		-		-		-		-		(6,168,318	)	$	(6,168,318	)
Balance at December 31, 2022		9,543,157	$	81	$	-	$	-	$	76,565,337	$	(71,803,966	)	$	4,761,452

Note 1:  The above consolidated financial information of Timios Holding Corp. and subsidiaries has been prepared for purposes of the preparation of the consolidated financial statements of Ideanomics, Inc.  It omits all disclosures required by generally accepted accounting principles in the United States of America.